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Do Good Schools Matter When You're Buying Or Selling A Home?

By Nina Hollander, Broker

Real Estate Agent with Coldwell Banker Realty 179530

September 25, 2019 04:45 AM

SCHOOLS MATTER WHEN YOU'RE BUYING OR SELLING A HOME!

Whatever part of the country you might be living in, good schools and good school districts matter to home buyers, especially those with school-aged children. Even home buyers without school-aged children care about the quality of schools because the quality has impact on future resale value.

There's a reason why certain areas of the Charlotte metro region such as Ballantyne, South Charlotte, Waxhaw, Weddington, Marvin, Fort Mill, Tega Cay are in such high demand and can command premium prices for houses... it's the quality of the schools. One of the first requests I typically get from home buyers is to show them property in the best school districts. Many of my home buyers search for real estate by school district, which is one of the key factors, if not the key factor in some cases, in their home-buying decision.

Sell Me A Home In A Mediocre School District... No One Ever Said!

Studies have consistently shown that many home buyers are willing to give up other things in a home in order to be in a top school district. A Realtor.com study showed that one in three buyers said they would settle for a smaller home and give up a bedroom or a garage to be in a top school district. The study also showed that one in five home buyers would pay 6-10% more for a home, and one in ten home buyers said they would pay up to 20% more for a home in a top school district.

When I represent a home seller whose house is in a top school district, that fact is heavily emphasized in my marketing of the home.

And good schools are also important to families who are renting. I have a number of investor clients who buy homes only in top school districts and they never have an issue keeping those homes rented and at a premium price.

The infographic below clearly illustrates just how important the "school factor" is amongst buyers, especially those with children under the age of 18.

Benefits Of A Good School District When Buying Or Selling A Home: INFOGRAPHIC

LOOKING FOR YOUR DREAM HOME IN A TOP SCHOOL DISTRICT IN THE CHARLOTTE AREA?

FREE Home Buyer Guide: “Things To Consider When Buying A Home”

WONDERING WHAT YOUR CHARLOTTE AREA HOME IS WORTH IN TODAY'S MARKET?

FREE Home Seller Guide: “Things To Consider When Selling Your House”

SEARCH ALL CHARLOTTE AREA HOMES FOR SALE HERE

Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty, are Greater Charlotte area residential real estate experts serving Charlotte area home buyers and sellers for 22+ years.

If you're considering selling or purchasing a home in the Greater Charlotte area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:

"The Right Broker Makes All The Difference."

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Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Michael Jacobs good morning, Michael... no doubt that the factor of good schools is part of a total equation when people value a home. There are instances where lack of good schools don't impact demand for homes... I'm thinking of places like SOHO and NODA in NYC. Even in Charlotte's NODA and in Wesley Heights... other factors come into play and these neighborhoods are not penalized for lack of top rated schools.

Sep 25, 2019 05:01 AM

Michael Jacobs

Pasadena, CA

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Wayne Martin that's for sure, Wayne... and that's why when I have clients who say schools don't matter to them, unless they are buying in an area that is in demand for other reasons than schools, I always tell them schools should matter to some degree as they will impact resale value one day.

Sep 25, 2019 05:03 AM

Roy Kelley

Retired - Gaithersburg, MD

This is important information to share.

Have a great day, Nina, and an outstanding week.

Sep 25, 2019 05:34 AM

Nina Hollander, Broker

Charlotte, NC

Dorie Dillard Austin TX

Coldwell Banker Realty ~ 512.750.6899 - Austin, TX

NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Nina Hollander ,

Purchasing a home in a good school district always enhances saleability. Love the infographic..good message to get out there!

Sep 25, 2019 05:42 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Dorie Dillard CRS GRI ABR thanks, Dorie. We can never underestimate the importance of education.

Sep 25, 2019 05:47 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Roy Kelley good morning, Roy... a good education is so important and I know of no parents who aren't looking to buy in the very best school district they can afford... unless their kids are going to private school.

Sep 25, 2019 05:49 AM

Beth Atalay

Cam Realty and Property Management - Clermont, FL

Cam Realty of Clermont FL

Good morning Nina Hollander, purchasing a home in a good school district will always be a high demand. Even if the buyer doesn't have any children, its important oto think about resale value and desirability.

Sep 25, 2019 07:32 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Beth Atalay hi Beth.... I don't know about your area, but I've noticed in mine that the good schools keep getting better and the poorly performing schools rarely get better despite more money being thrown at them.

Sep 25, 2019 07:40 AM

Sheri Sperry - MCNE®

Coldwell Banker Realty - Sedona, AZ

(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander,

Here is another area where you shine. You can really help buyers find the right school district for their needs in the Charlotte area.

Sedona is an area that fits in with people who have already raised their children or are looking for a vacation home.

The school district recently closed what most of us consider, a necessary school in the far east end of Sedona Big Park area. We now have one public school and one upper-grade level junior and high school. There are a couple of private and charter schools, so there is a choice.

Homes with red rock views are the most common question or concern for Sedona buyers.

Sep 25, 2019 07:56 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Sheri Sperry - MCNE® hi Sheri... you live in a totally different "world" in your marketplace than I do in mine. Charlotte is a "young" city in terms of demographics and attracts young families with kids. And we have dozens and dozens of schools throughout the region and I also cover two states and multiple counties in each of those states, all with their own school systems.

Sep 25, 2019 08:10 AM

Grant Schneider

Performance Development Strategies - Armonk, NY

Your Coach Helping You Create Successful Outcomes

Nina - we live in one of the top school districts in Westchester County which was great for our daughters. It is still great since Armonk and Byram Hills Schools are in demand.

Sep 25, 2019 08:45 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Grant Schneider hi Grant... I've long known why people move to your end of Westchester... and one of the big reasons are the schools.

Sep 25, 2019 09:17 AM

George Souto

George Souto NMLS #65149 - Middletown, CT

Your Connecticut Mortgage Expert

Nina absolutely good schools matter for both Buyers and Sellers, even if they do not have kids.

Sep 25, 2019 12:38 PM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

George Souto hi George... anytime I've compared virtually identical home in two different school districts, it's amazing how much more the home in a top school district is versus a more mediocre district.

Sep 25, 2019 12:43 PM

Kathy Streib

Cypress, TX

Home Stager/Redesign

Hi Nina- even though we did not have school-aged children when Larry and I bought our homes, we always considered the school district for resale value!

Sep 25, 2019 12:48 PM

Nina Hollander, Broker

Charlotte, NC

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Nina,

Good schools matter, there is no doubt about that for resale purpose. Wishing you a great evening. A

Sep 25, 2019 01:03 PM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... in my 26 years I've yet to hear a buyer say "find me a home in a poor school district."

Sep 25, 2019 03:21 PM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Kathy Streib hi Kathy... same here at our end. It's nice to know that your home will retain value for any number of reasons, including school quality.

Sep 25, 2019 03:22 PM

Jill Sackler

Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY

LI South Shore Real Estate - Broker Associate

I once wrote a post about this because great school districts do, of course, matter. However, it simply isn't possible for everyone to fit in or afford the top school districts in the country. That's when a good analysis of what all a town may offer is essential. I'm of the opinion that great teachers can be found most anywhere and parents complete the partnership. I'm not talking about failing or violent schools obviously.

Oct 24, 2019 08:53 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Jill Sackler hi Jill... you are totally correct... not everyone can buy in a top school district, but that doesn't change the fact that homes located in such districts sell at a premium. And it's important for home buyers to know "the story" of the schools in their neighborhood... as in any big city, we have schools that when rated an F are still getting too good a grade and it's always caveat emptor.

Oct 24, 2019 09:02 AM